Steel Strips Wheels shares hiked 5 % by US company's order
Steel Strips Wheels shares hiked 5 % by US company's order
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Today;Steel Strips Wheels (SSWL) shares rallied 5 % intraday on exports order from the US company.

According to the company said,"Supplies would be for Elio Motors' plant in Shreveport, Louisiana and would be executed from SSWL's Chennai plant,"

Compoany further added, “Total volume would be approximately 3 million wheels spread over 5 years generating cumulative revenue of about USD 55 million.”

SSWL’s objective to boost its company in North America by launching its commercial vehicle steel wheels in accumulation to passenger car alloy wheels from its forthcoming green field plants in India in coming months.

 

 

 

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